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IDEA Fund Partners CERTIFIED

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FIRM OVERVIEW: Small Private VC founded in 2007 based out of Durham, US (US East)

FIRM DESCRIPTION: IDEA Fund Partners provides seed and early stage equity funding along with company building expertise to IT, materials technologies and medical device companies in North Carolina as well as the Southeast and Mid-Atlantic regions. We are located in the Research Triangle Park area of Durham, NC.
One of the principle objectives of IDEA Fund Partners is to serve as a platform and catalyst for angel investors to re-enter the market. By creating a sizable enough fund to achieve diversity, utilizing the IDEA Fund Partners investment professionals for due diligence and investment decision making, but allowing for individual direct investment and Board participation in portfolio companies, it is believed that angels can achieve their objectives while the fund maintains a disciplined investment process.
IDEA Fund Partners is committed to remaining in the very early and seed stage segment in North Carolina and throughout the Southeast. We will leverage our existing relationships with angels and angel groups in areas such as Wilmington, the Piedmont Triad, Charlotte, Asheville, Charleston and Savannah to provide a viable investment infrastructure for companies in this stage segment.

Posted by
c66spconv
on 2012-02-20

PUBLIC:

Met with John Cambier to pitch my venture. Found him to be honest about his fund, he asked good questions, and shared smart observations. These guys have a $12m fund that they're winding up and are in the process of raising $50m.

At this point they're investing no more than $350k for initial deals. They appear to be well connected to larger firms they partner with and are happy to make intros and give pointers.